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Dec 4, 2012
12/12
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, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share
, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington...
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Dec 11, 2012
12/12
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there's been all this talk about the fiscal cliff. we know it is fact approaching. we know it is something that would threaten not only the united states economy, but the economies around the globe. if we go over that cliff, there will be steep cuts and spending and steep tax increases that would automatically kick in. what we're doing here today is talking to our elected officials, talking to people who are involved in these talks, trying to figure out what will happen, where we are and if there's any way to avoid that cliff, if there's a good way to come about with tax reform and a close look at what's been happening on the spending side, as well. we have a lineup of a lot of gets who are here. joining us this morning, early on we'll be joined by representative jeb henserling. he will give us on some of the insight on what is happening. we're talking to senators this morning. senator ron johnson will be joining us. and grove er nordquist. he is rite in the center of this base. a lot of people see him as a huge part of the problem. if you want to get something solv
there's been all this talk about the fiscal cliff. we know it is fact approaching. we know it is something that would threaten not only the united states economy, but the economies around the globe. if we go over that cliff, there will be steep cuts and spending and steep tax increases that would automatically kick in. what we're doing here today is talking to our elected officials, talking to people who are involved in these talks, trying to figure out what will happen, where we are and if...
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Dec 10, 2012
12/12
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to be a bad solution. >> does that mean, michael, the fiscal cliff chatter for now will probably trump economic data? >> as well as it should be. and for those reasons, i think the economic data, though minuscule, has been slightly looking better as we get forward here. and i think that's one of the reasons why year starting to see the dollars come back into play with a little bit more strength and, once again, over at least the last three or four sessions, gold in particular is starting to set itself up with the base which is looking rather bullish again as we get more towards that 1730 target in the near term. >> talk about gold, again, highlighted its underperformance this year, but are we talking about a move that's dollar driven or are we talking about a move where we're starting to see strength in gold broadly speaking? >> i think the latter is probably one of the reasons why you want to start setting up for the year to come in particular because of what's out there. i think that, you know, clearly if we do not get a solution out of these politicians, that that is going to be a r
to be a bad solution. >> does that mean, michael, the fiscal cliff chatter for now will probably trump economic data? >> as well as it should be. and for those reasons, i think the economic data, though minuscule, has been slightly looking better as we get forward here. and i think that's one of the reasons why year starting to see the dollars come back into play with a little bit more strength and, once again, over at least the last three or four sessions, gold in particular is...
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Dec 10, 2012
12/12
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anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one that is famous from all the anti-trust things back in the -- was that the '90s? >> the '90s, yeah. >> monti announcing he'll step down before his term ends. the decision comes after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they
anyway, you would be hard pressed to find something who sdn have aen opinion on the fiscal cliff. this weekend, the ahead of the imf said the united states is more vulnerable to its domestic trouble more than anything else happening in the eurozone. christine lagarde says a balanced approach is needed and she says don't kick the can down the road, which is rich coming from a european. >>> european trading the lower this morning. italy's prime minister mario monti, yes, the same one...
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Dec 17, 2012
12/12
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first the fiscal cliff. something very important has happened in the discussion of the cliff. and it's not that it's about to be solved. you see, in the last few weeks it's become very apparent that the president doesn't really want to negotiate, or he would be offering some spending cuts to match the speaker of the house's recent offer to vote for some tax increases. he feels he is offering spending cuts. i don't see them. they seem illusory. they're saying they don't expect anything to come out of the negotiations to avoid the cliff. they've been saying it publicly, but from my two trips down there, they're saying it privately to me, too. that certainly sounds worrisome, right? but it's exactly the backdrop this stock market needs. think about the journey we've taken. we needed to go from extreme optimism, where we were originally about a deal, to a degree of optimism, where we've been just a couple of weeks ago, to a recognition that the president has said, look, i ran on higher taxes for the rich, not spending cuts. so we're going over the cliff. and i'll show you, republi
first the fiscal cliff. something very important has happened in the discussion of the cliff. and it's not that it's about to be solved. you see, in the last few weeks it's become very apparent that the president doesn't really want to negotiate, or he would be offering some spending cuts to match the speaker of the house's recent offer to vote for some tax increases. he feels he is offering spending cuts. i don't see them. they seem illusory. they're saying they don't expect anything to come...
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Dec 16, 2012
12/12
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the fiscal cliff is something that can be fixed fairly easily. >> host: finally, i would like to go back, david rothkopf come to your comments about government. national government being neanderthal it. there was a throwaway line of sight while we are still organized as nation states economically. again, where we going in the future. >> i think we will see the future. because we live in geographic proximity to one another, we also have city governments, state governments in the united states, we have a federal government in the united states and it's only natural that another layer of government that deals with issues of loss. but over the course of the next hundred years from the lives of our children and grandchildren, we will see progress with it. the big question is whether the balance between the power of those public entities and big private enterprises that are the size of most of the biggest countries in the world. it also remains unbalanced. right now, our future is being determined in financial markets that are regulated by anybody. where the risk of a blow is a risk to each of
the fiscal cliff is something that can be fixed fairly easily. >> host: finally, i would like to go back, david rothkopf come to your comments about government. national government being neanderthal it. there was a throwaway line of sight while we are still organized as nation states economically. again, where we going in the future. >> i think we will see the future. because we live in geographic proximity to one another, we also have city governments, state governments in the...
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Aug 12, 2012
08/12
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so everybody has something to dislike in the fiscal cliff, the reason i dislike it, i always believe the deficits are bad for the country. this is the first step towards doing something serious for the country, i think it is worth doing. >> so you are not worried about the recession happening in 2013, most of the economists say it would occur if nothing is done in washington. you say it is okay if it is short term. >> maria, it will occur, i think the recession is terrible, tough on people who won't have jobs. but this is clearly terrible, we can't go on with the deficit. nothing seems to want to -- nobody seems to want to take the political heat. this is the way they're designed to take the politica heat. all of these cuts are necessary, some of them painful. we'll all have to give up something to get out of the federal deficit situation. and the fiscal cliff seems to be the only solution. >> it is amazing there is no discussion about coming to an agreement here. i feel like it is a repeat over and over again, like last summer when we were waiting on the debt ceiling debate. i mean
so everybody has something to dislike in the fiscal cliff, the reason i dislike it, i always believe the deficits are bad for the country. this is the first step towards doing something serious for the country, i think it is worth doing. >> so you are not worried about the recession happening in 2013, most of the economists say it would occur if nothing is done in washington. you say it is okay if it is short term. >> maria, it will occur, i think the recession is terrible, tough on...
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Dec 21, 2012
12/12
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do you think this is all fiscal cliff or something else? >> consider this. we're down 18 in the s&p futures and we're 32 points off the lows, okay? so to me, this really sums up the whole discussion. listen, if you're one of these long-term players and you have an ironclad stomach and you don't turn on your tv, we're only down 17 or 18 points. but many who say you've got to avoid the volatility, they're right, as well. it depends on what your appetite is. i think if you're looking to buy good stocks, put in your bids lower, there's going to be more volatility. i'm not looking for agreement on either side. when you look at the fixed income markets, they're the adults in the sector room. granted, they're down five basis points on the day. one final note, as bad as all this may be, we're up 8% on the year on the dow and almost 14% on the year on the s&p. >> michael farr, you're usually a glass half full guy. are you confident that you still want to invest in this stock market even if we go over the cliff? >> of course. but, bill, i'm the half full kind of guy.
do you think this is all fiscal cliff or something else? >> consider this. we're down 18 in the s&p futures and we're 32 points off the lows, okay? so to me, this really sums up the whole discussion. listen, if you're one of these long-term players and you have an ironclad stomach and you don't turn on your tv, we're only down 17 or 18 points. but many who say you've got to avoid the volatility, they're right, as well. it depends on what your appetite is. i think if you're looking to...
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Sep 19, 2012
09/12
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the fiscal cliff is something we have moderate control over because it's a question of political will. kit be resolved. anything that can be resolved will be dealt with in some fashion. and i think that's why the stock market has been climbing despite the obvious chasm ahead of us. sure, there are other reasons that could cause the sell of stocks. valuations getting stretched if we have little growth ahead of us. twice in the last month federal express, man, they disappointed. twice, twice. it's been a real tale of woe. [ crying ] and what has happened? frankly, nothing. stock's pretty much unchanged. tonight we got a big disappointment from norfolk southern, the railroad. while the stock is being hit after hours, you know what? i bet you buyers come in and snap it up tomorrow at what will be considered real bargain prices a few weeks from now. that's because in this tape, in this market, disappointing earnings don't necessarily produce disappointing and lasting moves down for high quality stocks, emphasis on high quality. that emboldens buyers who would otherwise be on the sidelines.
the fiscal cliff is something we have moderate control over because it's a question of political will. kit be resolved. anything that can be resolved will be dealt with in some fashion. and i think that's why the stock market has been climbing despite the obvious chasm ahead of us. sure, there are other reasons that could cause the sell of stocks. valuations getting stretched if we have little growth ahead of us. twice in the last month federal express, man, they disappointed. twice, twice....
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Nov 30, 2012
11/12
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i'm here to say obama is bluffing, there's not going to be a fiscal cliff, they will do something to stop the taxes from expiring. he doesn't want to be herbert hoover obama. i'm putting that on the table. if you take that off the table, you look at the economy, profits, the stuff, there's no lending going on, what is your outlook for the stock market? ivities i think we would be higher if we didn't have this issue. we have low interest rates, not only here, but globally the monetary policy will stay easy. whether you like it or not, it's going to stay easy for a long time. >> i would argue that it's helped. i would look at the gdp revisions and take the over side. a number of companies said they weren't spending at all and if they were getting push-outs from their customers because of fiscal cliff. >> i'm saying we reported there's a contraction. that could be good for stocks. >> if you get a resolution, then you get past that and businessless start to spend again. then the 2.7% gdp number, maybe it's higher than that. if we could get off the backs of businesses, we would get 5%, 6%
i'm here to say obama is bluffing, there's not going to be a fiscal cliff, they will do something to stop the taxes from expiring. he doesn't want to be herbert hoover obama. i'm putting that on the table. if you take that off the table, you look at the economy, profits, the stuff, there's no lending going on, what is your outlook for the stock market? ivities i think we would be higher if we didn't have this issue. we have low interest rates, not only here, but globally the monetary policy...
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like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if they're not really trying to work together there are three business channels four and twenty four hours a day and it's good news nothing else is happening we're already caught in one so we move on and we just talk about the fiscal cliff correct always care every body everybody in their system even though nothing's really going to change because the economy sucks anyway oh i think it'll change i just don't think they're going to i think about whether or not americans are worried about the fiscal cliff the bottom line is the media is milking the crap out of the fray while realistically nothing dr
like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas if...
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Aug 12, 2012
08/12
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so everybody has something to dislike in the fiscal cliff. the reason i like it is i'm really a deficit hawk. i've always believed that these deficits are very bad for the country. this is the first step towards doing something serious about the deficit, and i think it's worth doing. >> so you are not worried about that recession happening in 2013? most economists, congressional budget office said that would occur if nothing is done in washingt washington. you say it's okay if it's short term. >> maria, it wi occur. i think a recession is terrible and tough. but this country is in deep trouble. we clearly cannot go on with these kinds of deficits. doing something about the deficit can't be done in washington because none of them ever seem to want to take any political heat. this is the way they designed to take the political heat. all these cuts are necessary. some of them are painful. i hate some of them. we're all going to have to give up something in order to get out of this deficit situation, and the fiscal cliff appears to be the only si
so everybody has something to dislike in the fiscal cliff. the reason i like it is i'm really a deficit hawk. i've always believed that these deficits are very bad for the country. this is the first step towards doing something serious about the deficit, and i think it's worth doing. >> so you are not worried about that recession happening in 2013? most economists, congressional budget office said that would occur if nothing is done in washingt washington. you say it's okay if it's short...
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Dec 20, 2012
12/12
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so, is the fiscal cliff even something that can stop this, what seems like a great tail wind? >> well, i think, again, let's look at the fiscal cliff from two perspectives. if you stayed over that cliff, got help us. that's a big enough drag. however, we get a deal from washington, doesn't have to be a big frame work deal, we will have growth next year and we will have a lot of the good things you're talking about in housing, i think the corporate sector is going to pick up, as well. but again, you are giving the housing sector a drag of huge size in the beginning of the year. that's not going to allow us to grow at a 3% pace. >> can i ask you about that, that payroll tax? that is the $128 billion, over the course of the year, right? >> no, it's not over the course of the year. it hits payrolls on the first paycheck in january. you get a rise in taxes that over the course of the year is 1% of income, but in the first quarter annualized is over 4% of income. if you are thinking about gdp, we have a very big drag that's hitting us earlier in the year. it can be absorbed over a p
so, is the fiscal cliff even something that can stop this, what seems like a great tail wind? >> well, i think, again, let's look at the fiscal cliff from two perspectives. if you stayed over that cliff, got help us. that's a big enough drag. however, we get a deal from washington, doesn't have to be a big frame work deal, we will have growth next year and we will have a lot of the good things you're talking about in housing, i think the corporate sector is going to pick up, as well. but...
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Dec 30, 2012
12/12
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the cliff as you say is something that occurs in nature. you come up on a cliff and if you don't slow down, you plummet to your death. this is a fiscal suicide vest. this is congress rigging the system and saying last year in 2011 it actually was, we can't be trusted to make good, mature decisions about what needs to be done. we're going to booby-trap the system, and if we can't act like adults this date certain, it will explode and be awful. it turns out enthuse kantd make the responsible decisions together. no one should mistake for a naturally occurring part of the legislative process. they created this disaster and can't deal with it. when they talk about how they wish he they could be home with their families, people will lose unemployment benefits. >> where do you see this ending? what's your gut instinct now? are we going to get -- because i hear from both sides at this point saying, well, we might be in a better position come january 2nd or 3rd or 4th. >> my gut instinct was we'd get a minimal stick deal at the last minutes. in the
the cliff as you say is something that occurs in nature. you come up on a cliff and if you don't slow down, you plummet to your death. this is a fiscal suicide vest. this is congress rigging the system and saying last year in 2011 it actually was, we can't be trusted to make good, mature decisions about what needs to be done. we're going to booby-trap the system, and if we can't act like adults this date certain, it will explode and be awful. it turns out enthuse kantd make the responsible...
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Dec 16, 2012
12/12
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. >>> a potential breakthrough on stalled fiscal cliff talks. house speaker john boehner is offering something that he and other republicans really oppose, and that is raising tax rates on the wealthiest americans. that's the condition president obama has insisted on for any deal to avert a fiscal cliff, which by the way, is a little more than two weeks away. the president wants tax hikes on incomes above $250,000. cnn is told boehner proposed the increase start at incomes of $1 million in exchange for the president agreeing to more significant spending cuts. those are the headlines and back to candy crowley in newtown, connecticut. candy. >> thanks so much, dana. >>> up next, blame, shame, and moving beyond the terror. the parents of kids who kill. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same
. >>> a potential breakthrough on stalled fiscal cliff talks. house speaker john boehner is offering something that he and other republicans really oppose, and that is raising tax rates on the wealthiest americans. that's the condition president obama has insisted on for any deal to avert a fiscal cliff, which by the way, is a little more than two weeks away. the president wants tax hikes on incomes above $250,000. cnn is told boehner proposed the increase start at incomes of $1...
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Dec 28, 2012
12/12
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can actually happen on the fiscal cliff. can we all rise of above tomorrow? maybe it's possible. tune in. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke.
can actually happen on the fiscal cliff. can we all rise of above tomorrow? maybe it's possible. tune in. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you,...
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i think though if the market saw there was at least a down payment on the fiscal cliff, something agreed to be picked up after the first of the year, i think equity prices would be eleased. if we see more polarization leading into the end of the year without any sign of anything getting done, i think that would weigh on equity prices. tracy: talk about what we should be doing because i think we're all kind of the notion this will not happen until december 31st, what could we do before that? should i move maybe my dividend paying stocks into my retirement account? >> you can do that under subject of limitations how much you can put into a retirement account in any given year and predicated whether you work for employer or are self-employed. that is one avenue, if you will of sheltering those growth stocks from taxation at some later point. it isn't going to do much to help you this year, in order to do that you would have to sell them and move the cash into the tax sheltered vehicle. but that said, i think it is prudent anytime to consider where you have sizable capital gains, taking some
i think though if the market saw there was at least a down payment on the fiscal cliff, something agreed to be picked up after the first of the year, i think equity prices would be eleased. if we see more polarization leading into the end of the year without any sign of anything getting done, i think that would weigh on equity prices. tracy: talk about what we should be doing because i think we're all kind of the notion this will not happen until december 31st, what could we do before that?...
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Dec 20, 2012
12/12
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KQED
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. >> rose: i saw something today where we're talking about the fiscal cliff and that the president was worried because he worried that the republicans somehow didn't want to give in to him. they have some animus against him. >> i thought that was a strange comment. elections have consequences and i think the republicans need the election returns just like the democrats do. and he has a great deal of political capital. and how is he going to use in the a second term? in the interview we did in the oval office last week i thought he was much more assertive and up front about what his agenda is going to be and what he cares about and wants to try to do. he isn't running for reelection again. he never has to say i approve this message again. we will really start seeing what barack obama believes and what he cares about. >> rose: i just happened to last night at one of the christmas parties in new york city, james watson, nobel laureate, the man who taught us what the d.n.a. -- d.n.a. structure looks like. he said what that what he hoped most for the president would be big bold ideas, not u
. >> rose: i saw something today where we're talking about the fiscal cliff and that the president was worried because he worried that the republicans somehow didn't want to give in to him. they have some animus against him. >> i thought that was a strange comment. elections have consequences and i think the republicans need the election returns just like the democrats do. and he has a great deal of political capital. and how is he going to use in the a second term? in the interview...
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Dec 26, 2012
12/12
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part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done re
part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or...
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like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas people fall into a trip when it comes to reelecting. people that don't do their job. yeah which is all of them you know in a word yes yes they're much more concerned with their own agendas and their own you know ties that they were already got there used to be there was a thought at one time that the incumbent should never be reelected and that doesn't mean anyone at the top or the bottom one should be everyone should have one term and that's it if they're not really trying to work together there are three business channels we're in twenty four hours a day and it's good news nothing else is h
like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal...
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Dec 28, 2012
12/12
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my guess, is just a guess, that it has nothing to do with the fiscal cliff, it has something to do with the secretary of state's job. >> you would think so. >> reporter: but we don't know. >> eamon, thank you. more developments as they become available to us, and while the leaders in washington do try to tackle the fiscal cliff, at least the democratic leader in the senate has no problem placing the blame on one particular person when it comes to not getting anything done. senate majority leader harry reid had this to say on the senate floor yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of le
my guess, is just a guess, that it has nothing to do with the fiscal cliff, it has something to do with the secretary of state's job. >> you would think so. >> reporter: but we don't know. >> eamon, thank you. more developments as they become available to us, and while the leaders in washington do try to tackle the fiscal cliff, at least the democratic leader in the senate has no problem placing the blame on one particular person when it comes to not getting anything done....
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Dec 28, 2012
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cliff, that their opponents have something to gain by letting the deadline pass. do they have a point? do either have anything to gain if there's no deal in time? >> right now, both sides are trying to win a pr war. as we have been saying, it's increasingly likely we go over the cliff. now there's just a lot of posturing. for republicans. it's a lot of arguing to the base because what they're trying to do, they can't be seen as raising -- voting to raise taxes on people. for democrats, it's positioning for the larger public because they have to be seen as, in their view, upholding the president's promise made during the campaign to increase taxes on the wealthiest and hold them down for middle-class americans. right now, the polling is with the president and with democrats. but if we go over the cliff, it's not hard to project that in a few weeks' time, all of that is going to shift, and the american public will blame everyone in washington, and everyone will be hurt. so the two sides have to make a deal in short order, whether it's before january 1st or in two we
cliff, that their opponents have something to gain by letting the deadline pass. do they have a point? do either have anything to gain if there's no deal in time? >> right now, both sides are trying to win a pr war. as we have been saying, it's increasingly likely we go over the cliff. now there's just a lot of posturing. for republicans. it's a lot of arguing to the base because what they're trying to do, they can't be seen as raising -- voting to raise taxes on people. for democrats,...
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Dec 19, 2012
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and then you are going to come into more fiscal cliffs. we didn't cut spending so we are going bankrupt. so how is that going to work out? >> right. and that is what i was thinking as you guys were talking. kicking the can down the road. it is not going to work for markets or businesses. they need sernl ti acertainty. that would be one of the worst case nascenarios to have this. i can you would see money flow out of the market. >> by the way, nancy pelosi wanted $1 million threshhold. everyone went back to the blogs running wild today. i've interviewed her a couple of times. can she get it? >> maybe. let me tell you what, whatever deal goes down, nancy pelosi is going to be the key to making it happen. >> all right we have to get out of here. thank you very much. next up the haeart ache and har good-byes continue in newtown, connecticut. good evening jay. >> reporter: good evening, larry, as you might imagine another rough day here in newtown, connecticut. first graders from sandy hook elementary gathered to bury two more of their classmat
and then you are going to come into more fiscal cliffs. we didn't cut spending so we are going bankrupt. so how is that going to work out? >> right. and that is what i was thinking as you guys were talking. kicking the can down the road. it is not going to work for markets or businesses. they need sernl ti acertainty. that would be one of the worst case nascenarios to have this. i can you would see money flow out of the market. >> by the way, nancy pelosi wanted $1 million...
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Sep 28, 2012
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so i said to him, what do you think about the fiscal cliff? first he entered something political. then i followed up -- "does that mean the tax cut should be extended?" he was backed into a corner. he said everything should be extended. .e're in a recession we ran that interview. an e-mail said he had to retract something that he said. i said, what? bill clinton is a smart politician. "what are you retracing?" "the tax cuts should be extended for people making under $250,000." then i call them later and said, what is going on here? apparently, the obama people call the clinton people and said you need to go out and take that statement back. it was a pretty big brouhaha. but i think it is pretty clear where bill clinton stands. bill clinton things everything should be extended. even the right now, i did not think he will repeat that. host: is it tough to get a second interview with him? guest: absolutely. i think right now the president -- he will not go down that road and talk about taxation. he does not want to make any mistakes. one thing about bill clinton -- bill clinton says
so i said to him, what do you think about the fiscal cliff? first he entered something political. then i followed up -- "does that mean the tax cut should be extended?" he was backed into a corner. he said everything should be extended. .e're in a recession we ran that interview. an e-mail said he had to retract something that he said. i said, what? bill clinton is a smart politician. "what are you retracing?" "the tax cuts should be extended for people making under...
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Dec 22, 2012
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cliff before we got to the, you know, three day out period of going over the fiscal cliff. and they've been really bad at marketing that and saying, look, we put forward solutions, the democrats, especially in the senate have done nothing with them. and so i'm not really sure they can recover if we go over the fiscal cliff. like i said in the first segment, i think the best thing for them is to vote present, wash their hands clean and let the democrats live with the consequenc consequences. >> the democrats will have to live with the consequences and republicans, i think, are going to start moving toward tax reform, entitlement reform, and spending cuts. and every time i hear a leading democrat, they don't want any entitlement reforms, don't want to touch medicare, don't want to touch social security, don't want to cut spending. how is your party going to get out from under that label that they're still the party of big government. >> well, a couple things. first of all, remember that in the aftermath of this election, the president's message has resinated with the american
cliff before we got to the, you know, three day out period of going over the fiscal cliff. and they've been really bad at marketing that and saying, look, we put forward solutions, the democrats, especially in the senate have done nothing with them. and so i'm not really sure they can recover if we go over the fiscal cliff. like i said in the first segment, i think the best thing for them is to vote present, wash their hands clean and let the democrats live with the consequenc consequences....
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Aug 22, 2012
08/12
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it has done its work on the looming fiscal cliff at the end of the year. the senate has done nothing. one would oust the president may be due something. so they do their job, they cannot reconcile the differences in the way the fiscal cliff. i really think it is time for the president to win on his party that controls the senate to get something done. because americans are already paying for this. if we go over this, we will pay in a deep and lasting might. gerri: do you think any leadership will emerge on this issue? any backroom negotiations or conversation between the aisles about getting this done? >> sure, there are those who have pieces of the various tax components. they are talking about how they can get it done. in the end, we have seen patty murray, saying that we should just run over the fiscal cliff, it will teach republicans what's in. if you have that kind of brinksmanship going on come you're from your not going to get central policies up front. gerri: we haven't had sensible policies in a long time. that would be a breakthrough. doug holtz-
it has done its work on the looming fiscal cliff at the end of the year. the senate has done nothing. one would oust the president may be due something. so they do their job, they cannot reconcile the differences in the way the fiscal cliff. i really think it is time for the president to win on his party that controls the senate to get something done. because americans are already paying for this. if we go over this, we will pay in a deep and lasting might. gerri: do you think any leadership...
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Dec 24, 2012
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. >> our sunday round table from last week is back this week with clarity on the fiscal cliff. thank you both for being with us. guest: i guess congress is going to come back and see if they can come up with something that will give everyone enough political confidence so we can avoid the tax increases that are scheduled. i'm skeptical that is going to happen and my guess is we're going to go over the cliff.
. >> our sunday round table from last week is back this week with clarity on the fiscal cliff. thank you both for being with us. guest: i guess congress is going to come back and see if they can come up with something that will give everyone enough political confidence so we can avoid the tax increases that are scheduled. i'm skeptical that is going to happen and my guess is we're going to go over the cliff.
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Dec 26, 2012
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hoe over do you. >> the fiscal cliff we have been telling you so much about could be devastating for thousands of american businesses and their workers. their new concerns this morning about profits for those companies. lauren simonetti from the fox business network joins us to explain. what's going on? >> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f. one comes by early january definitely a possibility. the economic impact should be minim minimal. if one comes later than that the damage to the economy is already done and you will see more talk of recession and analysts started cutting the earnings growth in the fourth quarter. >> one thing they don't like is uncertainty. apple released a new product and there will be another new product. >> now that you got them under the christmas tree. a man who has been right predicting apple products before a 5th generation ipad will look like the mini but some what thinner narrower and shorter than a regular ipad so not
hoe over do you. >> the fiscal cliff we have been telling you so much about could be devastating for thousands of american businesses and their workers. their new concerns this morning about profits for those companies. lauren simonetti from the fox business network joins us to explain. what's going on? >> the fiscal cliff puts it in jeopardy. many are afraid to invest in their business and hire new workers. make plans. >> no longer vetting a deal is done by new year's eve f....
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will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real que
will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress...
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in something like, what, 29 days now we're going to hit the fiscal cliff. spending cuts, tax hikes. until lawmakers can reach a deal. house speaker john boehner pr pretty blunt on on where he felt the cliff negotiations were standing. listen. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> the nothing he's talking about is the president's plan which was delivered to gop leaders last week by the treasury secretary, timothy geithner. ca calls for $1.6 trillion in new revenue. republicans say that figure is unacceptable. until they present their own plan the white house is standing by that proposal right now. despite the parties and lines in the sand we're joined by two republican law make rs. i've overwhelmed by republican lawmakers this morning. >> you're surrounded, soledad. >> connie mack is with us this morning and mary bono mack. i'm used to it on this show. it's interesting to hear boehner saying, listen, nowh
in something like, what, 29 days now we're going to hit the fiscal cliff. spending cuts, tax hikes. until lawmakers can reach a deal. house speaker john boehner pr pretty blunt on on where he felt the cliff negotiations were standing. listen. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. >> the nothing he's talking...
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the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now,
the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and...
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it's a message to urge lawmakers to work out a deal to keep the country from going over that fiscal cliff next week, which would send taxes soaring while slashing spending. >>> meanwhile, hollywood has something to celebrate as we close out 2012. it's been a very big year in the movies, with the number of tickets sold in the u.s. up for the first time in three years. the domestic box office take is set to hit a record $10.8 billion, with ticket sales up 5.6%. quite an accomplishment in the age of impressive home theaters. >>> meanwhile, when we come back, travelers weren't the only ones fed up with holiday deals. what an angry pilot had to say to his passengers about the matter. >>> also, proof that you do not have to be a kid to get excited over your christmas present. you really have to stay tuned for this. the family behind this viral video is sharing their joy. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew
it's a message to urge lawmakers to work out a deal to keep the country from going over that fiscal cliff next week, which would send taxes soaring while slashing spending. >>> meanwhile, hollywood has something to celebrate as we close out 2012. it's been a very big year in the movies, with the number of tickets sold in the u.s. up for the first time in three years. the domestic box office take is set to hit a record $10.8 billion, with ticket sales up 5.6%. quite an accomplishment in...
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president obama urges house speaker john boehner to take his deal on the fiscal cliff, calling it something republicans can be proud of. >> susie: i'm susie gharib. the c.e.o. of manufacturer johnson controls says business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."! >> tom: under the threat of a white house veto, the u.s. house
president obama urges house speaker john boehner to take his deal on the fiscal cliff, calling it something republicans can be proud of. >> susie: i'm susie gharib. the c.e.o. of manufacturer johnson controls says business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."!...